My recent long term post has FTSE in wave V of an ending diagonal starting after the 2008 crash.
This 4 hour chart shows wave C of this final wave V reaching for the red long term trendline.
If correct this current impulse wave has an extended wave 5 which should reverse very quickly at or around 7847 which
is 1.618 waves 1-3 and very close to the trendline.
Momentum has been weakening since wave 3. Good Luck
This 4 hour chart shows wave C of this final wave V reaching for the red long term trendline.
If correct this current impulse wave has an extended wave 5 which should reverse very quickly at or around 7847 which
is 1.618 waves 1-3 and very close to the trendline.
Momentum has been weakening since wave 3. Good Luck
评论:
FTSE has hit the long term trendline and the parallel trendlines from waves 2-4 extended to waves 3-5. Maybe a throwover will occur?
评论:
FTSE has rebounded off both sets of tramlines and maybe starting a fall.
If correct wave 5 was extended and these waves usually retrace sharply back to the area of the 2nd subwave of the extension. Good Luck
If correct wave 5 was extended and these waves usually retrace sharply back to the area of the 2nd subwave of the extension. Good Luck
评论:
FTSE has clearly broke the bottom trendline and is now in minute wave 4 circle.